Section 50IAC1-3-6. Assessment schedule for horizontal pressure tanks

   ASSESSMENT OF HORIZONTAL PRESSURE TANKS. In order to provide for the uniform assessment of horizontal steel pressure tanks, commonly used for the storage of liquid and gas fuels, the Board has determined the following pricing schedule for such real property, completely installed on saddle pads with normal fittings, but not incuding [sic.] the value of pipe, valves, pumps or foundations:

CAPACITY (Gallons)	SIZE (Feet)	COST
1,000	3½ × 16	$ 1,200
2,000	5 × 15	2,200
3,000	5 × 22	3,200
4,000	5 × 29	4,100
5,000	5 × 36	4,900
7,500	6 × 37	6,900
10,000	6 × 50	8,900
12,500	6 × 61	10,400
15,000	7½ × 50	12,500
20,000	7½ × 65	16,200
Over 20,000	Varied	.80 per gallon

  The depreciation on subject property should be determined from the thirty (30) year economic life schedule on page DP-02 [50 IAC 2 was repealed filed Dec 13, 1989, 5:00 p.m.: 13 IR 864; errata filed Feb 19, 1990, 3:35 p.m.: 13 IR 1187.] of the Real Property Appraisal Manual. (Department of Local Government Finance; Real Property Directive 78-106; filed Jan 30, 1978, 4:09 pm: Rules and Regs. 1979, p. 429)